TriscoTech Fx/Crypto

Buy/Sell Limit Order,Stop Explained

Buy Limit Order: A Buy Limit Order is used when you want to buy a currency pair at a specific price that is below the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to buy it at 1.2400, you would place a Buy Limit Order at 1.2400. If the market price reaches or falls below 1.2400, the Buy Limit Order will be triggered, and the trade will be executed at the specified price or better.

Sell Limit Order: A Sell Limit Order is used when you want to sell a currency pair at a specific price that is above the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to sell it at 1.2600, you would place a Sell Limit Order at 1.2600. If the market price reaches or exceeds 1.2600, the Sell Limit Order will be triggered, and the trade will be executed at the specified price or better.



Buy Stop Order: A Buy Stop Order is used when you want to buy a currency pair at a specific price that is above the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to buy it at 1.2600, you would place a Buy Stop Order at 1.2600. If the market price reaches or exceeds 1.2600, the Buy Stop Order will be triggered, and the trade will be executed at the specified price or better.

Sell Stop Order: A Sell Stop Order is used when you want to sell a currency pair at a specific price that is below the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to sell it at 1.2400, you would place a Sell Stop Order at 1.2400. If the market price reaches or falls below 1.2400, the Sell Stop Order will be triggered, and the trade will be executed at the specified price or better.

Remember, these examples are based on the assumption that the orders are triggered and the specified prices are reached. However, it's important to note that there is no guarantee of execution, as market conditions can impact order fills.

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9.1K viewsedited  Jul 5, 2023 at 00:11

Buy/Sell Limit Order,Stop Explained

Buy Limit Order: A Buy Limit Order is used when you want to buy a currency pair at a specific price that is below the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to buy it at 1.2400, you would place a Buy Limit Order at 1.2400. If the market price reaches or falls below 1.2400, the Buy Limit Order will be triggered, and the trade will be executed at the specified price or better.

Sell Limit Order: A Sell Limit Order is used when you want to sell a currency pair at a specific price that is above the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to sell it at 1.2600, you would place a Sell Limit Order at 1.2600. If the market price reaches or exceeds 1.2600, the Sell Limit Order will be triggered, and the trade will be executed at the specified price or better.



Buy Stop Order: A Buy Stop Order is used when you want to buy a currency pair at a specific price that is above the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to buy it at 1.2600, you would place a Buy Stop Order at 1.2600. If the market price reaches or exceeds 1.2600, the Buy Stop Order will be triggered, and the trade will be executed at the specified price or better.

Sell Stop Order: A Sell Stop Order is used when you want to sell a currency pair at a specific price that is below the current market price.
Example: If the current market price of a currency pair is 1.2500, and you want to sell it at 1.2400, you would place a Sell Stop Order at 1.2400. If the market price reaches or falls below 1.2400, the Sell Stop Order will be triggered, and the trade will be executed at the specified price or better.

Remember, these examples are based on the assumption that the orders are triggered and the specified prices are reached. However, it's important to note that there is no guarantee of execution, as market conditions can impact order fills.

BY TriscoTech Fx/Crypto